Visa INC (V) Share Value Rose While Stock Yards Bank & Trust Co Cut Holding by $3.33 Million

September 16, 2018 - By Andrea Pope

Visa Inc. (NYSE:V) LogoInvestors sentiment increased to 1.02 in 2018 Q2. Its up 0.14, from 0.88 in 2018Q1. It is positive, as 39 investors sold V shares while 633 reduced holdings. 124 funds opened positions while 560 raised stakes. 1.56 billion shares or 0.77% less from 1.57 billion shares in 2018Q1 were reported. Macquarie Gru Limited invested in 2.76 million shares or 0.63% of the stock. Oppenheimer Asset Management holds 0.84% or 259,383 shares in its portfolio. Bush Odonnell Inv Advsr owns 22,664 shares or 5.07% of their US portfolio. Credit Suisse Ag holds 4.21 million shares or 0.55% of its portfolio. 2,800 were accumulated by Southeast Asset Advsrs. Peapack Gladstone Fin reported 56,115 shares. Cetera Advsrs Limited Liability Company stated it has 0.29% of its portfolio in Visa Inc. (NYSE:V). Family Tru Comm holds 48,594 shares. Illinois-based Arete Wealth Limited Liability has invested 0.21% in Visa Inc. (NYSE:V). Hightower Advsr Limited Liability Co holds 353,426 shares. Spinnaker Tru has invested 0.52% in Visa Inc. (NYSE:V). Archford Cap Strategies Ltd Liability Com has 32,482 shares. Bridgecreek Mgmt Ltd Liability Corporation has invested 1.19% in Visa Inc. (NYSE:V). Lowe Brockenbrough & Incorporated reported 0.12% stake. Ycg Ltd owns 11,955 shares.

Since April 30, 2018, it had 0 insider buys, and 2 insider sales for $6.13 million activity. The insider HOFFMEISTER JAMES H sold $1.08 million.

Stock Yards Bank & Trust Co decreased its stake in Visa Inc (V) by 13.49% based on its latest 2018Q2 regulatory filing with the SEC. Stock Yards Bank & Trust Co sold 25,225 shares as the company’s stock rose 9.06% with the market. The hedge fund held 161,710 shares of the business services company at the end of 2018Q2, valued at $21.42M, down from 186,935 at the end of the previous reported quarter. Stock Yards Bank & Trust Co who had been investing in Visa Inc for a number of months, seems to be less bullish one the $328.96 billion market cap company. The stock increased 0.14% or $0.21 during the last trading session, reaching $147.84. About 4.93 million shares traded. Visa Inc. (NYSE:V) has risen 38.00% since September 16, 2017 and is uptrending. It has outperformed by 22.38% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on October, 24. They expect $1.20 EPS, up 33.33 % or $0.30 from last year’s $0.9 per share. V’s profit will be $2.67B for 30.80 P/E if the $1.20 EPS becomes a reality. After $1.20 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Visa Inc. (NYSE:V) news were published by: 247Wallst.com which released: “Nike Sprints to First Place as Dow’s Top-Performing Stock” on September 15, 2018, also Seekingalpha.com with their article: “Visa Continuously Evolves” published on August 28, 2018, Seekingalpha.com published: “Visa Call Options Have Fantastic Upside” on September 04, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa Inc. (V) Management Presents at Deutsche Bank 2018 Technology Brokers Conference (Transcript)” published on September 13, 2018 as well as Fool.com‘s news article titled: “Why US Counterfeit Credit Card Fraud Is Down 75%” with publication date: September 16, 2018.

Visa Inc. (NYSE:V) Ratings Coverage

Among 12 analysts covering Visa (NYSE:V), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Visa had 15 analyst reports since March 28, 2018 according to SRatingsIntel. As per Friday, September 14, the company rating was maintained by Robert W. Baird. The rating was maintained by Raymond James with “Outperform” on Tuesday, July 24. UBS reinitiated the shares of V in report on Friday, May 18 with “Neutral” rating. Wedbush maintained it with “Buy” rating and $15000 target in Wednesday, June 6 report. The company was maintained on Thursday, July 26 by KeyBanc Capital Markets. The firm has “Buy” rating given on Thursday, April 26 by Buckingham Research. Morgan Stanley maintained Visa Inc. (NYSE:V) on Thursday, April 26 with “Overweight” rating. On Thursday, July 19 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating by Argus Research given on Friday, April 27. Wells Fargo maintained Visa Inc. (NYSE:V) on Thursday, July 12 with “Outperform” rating.

Visa Inc. (NYSE:V) Institutional Positions Chart

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